james16 Chart Thread

Wel said, this post is very helpful to me.

Thanks Mike

so thats mean 1 left and thats it for today?!

hey Supreme for sure you are more then welcome
in Rome the more people seats on the table the more red wine will have to be served... ahah

Andrea

haha basically. i made need another huh

Sorry guys but I feel I just have to post this.

Apparently only a few that have questions are actually willing to READ POST #1.
Kudos to MBQ11. You probably have no understanding of how patient and benovolent he is. {He answered my question. How was I to know it had already been asked a dozen times before}
Mike would never say this but I will.
If You think that J16's applications can forward you in this venture, THEN why do you think you don't need to read the PDF's that Other members have taken their valuable time to costruct for you?
................Steam..............
Ok, I'm back.
After more than 30 years of buying & reading information, I am dumbfounded by the concept that the information offered here is not Free Enough.
Gimme the Good Stuff. Done.
Gimme the Better Good Stuff. Done
What's left? {Gimme a Signal via PDA and place my Order} Aint Gonna Happen. {at least I don't think so.}

Less than 5% of those that enter this world are actually willing to work in it.

Apologies to those that will continue as they did before i posted this mess.

REMINDER:
This is not the EU&U$D thread. I would ask that you consider & possibly research Your Post before submitting it.

{and this after a good pip week. Glad I wasn't really pi$$ed}
BUT: as always; Those Guys will Listen & respond as if you were the first to ask and you will assume that is the way it is everywhere.

Leaders that Lead. J16 aka. Jim

Chart

Hey Ben

I am on the road with laptop. What pair is that #JPY ????

need a exact date?
.

I personally think this debate over higher v lower timeframes is a little pointless.

This is James' thread. Based on his experience he offers suggestions. They are, in his opinion, the best way to achieve success in the market.

But this is one corner of the forex education world. If you disagree with James and feel that you want to start on intraday then go for it. No one here is holding a gun to your head. But James' opinion will not change. He has formed it over years of experience and pain. You don't have to agree with him and there are many other forex educators out there, some good, some bad. You will just have to do your due diligence as to whether you think they are worthy of your time or not. Just like you will have to make a decision about whether James and his ideas are worthy of your time. Those of us who have benefitted from his approach hope you stay and follow the suggestions. If you don't we wish you good luck. There are many many ways to skin a cat in this market.

I think the essence of what James is teaching is that you need to give yourself an opportunity to stay in the game long enough to learn the skills required. It always takes longer than you think and many people try to run before they can walk and blow up. Taking things slow gives you some time to find your way. This is the thinking behind his advice to start on higher timeframes. (That, and understanding that in forex, the big picture always dictates the little one. So It's good to cut your teeth on the big picture and work your way down)

But if you believe that the 1H is the way for you to learn then just open a demo account and go for it. Set yourself a period of 3-6 months to prove to yourself you can do it and start. Look for 3-6 consecutive profitable months, use good money management, and off you go. No one is stopping you from doing that. In fact James himself posted that there is nothing wrong with demoing lower timeframe stuff right now if that's what you want to do. Starting by demoing the 1H is not what we suggest here, but it's only a suggestion.

Just make sure that you don't risk real money on anything until you have really proved to yourself that you can do it. That's plain common sense.

But don't sit here and argue about the merits of the 1H vs the Daily. Just go and do it. James' opinion is based on 28 years of experience. You're most likely not going to see him change that overnight because of a forum discussion. But it is just one man's opinion and you must decide yourself whether you want to take his advice.

I have to add to this that although I know that this time it is chatzi who is asking these questions, my reply is not directed at you in particular chatzi. It's just that this issue comes up every few weeks from different people and so I wanted to put my thoughts down. What I would say to anyone who is aching to trade intraday is to open a demo account on the 1H and start seeing if your feelings are correct. You'll learn much more from that, than from debating it in the forums.

There are so many forex educators out there. Each one offers his or her own approach. Many of them are good (many of them are terrible too). If you don't agree with one of them or feel that they are not a 'fit' for you, then find someone who is.

very fairly worded!

I think you are a good example of time & and pressure leading you to success.

I love your signature BTW

Reading every single James16 post, every single rac post, and every single MBQB11 post was a pleasurable experience for me. I was addicted to that compilation when I first found it .

Maybe I'll give it a re-read here soon...

hey thanks.

i will remember this.

Lol. 4x lives in austin.

Thou great one has spoken.

exactly. so why cant i just put it like this?

probably the same reason why i couldnt perform mcbeth in front of a crowd like aaron could.

does any one here use monthly pivots, the floor trader variety. I just put some up and seems like it would be a good tool for added confluence, not sure yet still having a look

Can we see your favourite Chart as an explanation?

sure this is just a random chart i put them on, on the fly, didnt have to put medians on but u get the idea.

i keep monthly and weekly pivots on paper. you bet they are great confluence ingredients.

jim

ooohhh, i love this.
just for fun (aka 'learning'), Sir.
i opened that chart earlier, 'brainstormed' a bit. if that pin breaks, my guess is 5-6weeks from now. (April27-May7).
what's yours? much earlier or later?

Let's see